Because you’re more than just a FREElancer.
When I stopped calling myself as a freelancer but instead as a solopreneur to an entrepreneur, more projects and possibilities came in knocking. Sometimes, it’s all about titles and messaging. There have been negative association with the new word “freelance” too far gone at this point.
A freelancer is not just someone who’s been working from bed. We do ACTUAL work (more than a 9-5 job, even), shape, drive and take control of our careers yet produce excellent work according to your KPI’s.
As much as ‘freelancers’ have been welcomed in the corporate world, there are those who still think of it negatively because there are those who have no business-first skills and put us those in the ‘premium’ on a bad light.
As someone who’s part of the generation of entrepreneurs, the word freelancer has been around since the Middle Ages and originally referred to mercenaries-for-hire that used literal lances. If you’re one of them who thinks that freelancing is easier than your 9 to job, think again.
Being your own employer includes the never-ending struggle to maintain some level of consistent income, and when it comes to traditional corporate workplace perks, you’re on your own.
READ: Are you considering to become a Freelancer?
There will be days when desperate decisions will be made such as taking in jobs for less than they’re worth; this also results to a ripple effect, driving down rates for everyone, and this vicious cycle has gotten to the point wherein hiring “Freelancers” is synonymous to “cheap” labor or worst-case, being taken for granted – payments arrive longer than committed due date.
There are pro’s and con’s with regards to the boom of the startup and “employer-independent” sector. A study conducted in 2014 by the Freelancers Union found out that 71% of freelancers in New York were having trouble tracking down payment, and a clamor from the self-employed were heard. In response, in 2017, a law was passed in favor for freelancers – “The Freelance Isn’t Free Act,” which sets in place a contract requirement between client and freelancer; a just and right arrangement just like how corporate client and agency operates. The law states in that there’s a protocol for the client should and the freelancer can demand payment within 30 days of project completion. Should the client fail to pay on the required time, the freelancer may already provide access to send in legal recourse.
Just recently, in May 2018, Sen. Bam Aquino also have passed a bill which supports Startups – AN ACT EXEMPTING START-UP ENTERPRISES FROM TAXES ARISING FROM THE FIRST TWO YEARS OF OPERATION, a measure that will give over 200,000 innovative start-up businesses in the country a better chance of succeeding through tax breaks and other forms of assistance, including a P1 billion venture fund where they can apply.
Sounds great? definitely! These small wins definitely are giving more professionalism in the freelance, solopreneur and entrepreneur arena.
We all must take part to help shift the mindset and culture for the corporate to take us more seriously, be supportive and for the outside traditional employers setups. One is by describing and providing the kind of professionalism traditional workers get to submit results – heck, even way beyond it.
Commit to being compliant and issue your taxes (recommend: Taxumo for easy filing!); this is one way to legitimize your business and prove of your commitment to grow your business. This way, through compliance, both terms – contractor and freelancer – mean you’re self-employed, and from a tax point of view, there’s no difference.
As an independent worker across the globe, be poised on being progressive – flexibility and stability will still be yours, which is a win for all of us and more support for every freelancer professional.